Volume Profile and Market Profile a new wave of market picture

[wisp]

A failure to stay outside the initial balance for more than 30 minutes (on one side), followed by a revisit inside the initial balance and an opposite move on the other side of the Initial balance.

Bro, just trying to understand your statement clearly. Please confirm if I have understood clearly.

Today's first bar opened above VAH and closed above VAH
2nd bar broke low of first bar and entered VA
1st bar and 2nd bar together formed IB
3rd bar revisited IB area
4th bar bar moved opposite to 3rd bar direction?

 

[Vipul_84]

Xray bro, you are teaching EVERYTHING that you know & do; even upto point of posting your IT Returns to convince doubting souls. And still many traders will search for Holy Grail :thumb:

Check list of MP which i follow

INTRA

1.Open/close with in VA then remember 80 % rule unless it comes out of VA

2. Open outside VA check for OD

SWING

1.Based of weekly VA entry

2.FA will be for target booking ,if there is no such thing just ride the trend

3.if daily va is with in weekly then just do intra for the week

POSITIONAL

D&S along with RF

 

[Vipul_84]

Manish, try cross check with Marketcalls levels at

http://www.marketcalls.in/market-profile

Check list of MP which i follow

INTRA

1.Open/close with in VA then remember 80 % rule unless it comes out of VA

2. Open outside VA check for OD

SWING

1.Based of weekly VA entry

2.FA will be for target booking ,if there is no such thing just ride the trend

3.if daily va is with in weekly then just do intra for the week

POSITIONAL

D&S along with RF

There are no 100 % perfect softwares for MP, there are some hiccups TOP/POC ,i use GFDL and all GFDL fellows are getting same value's so is this bug or data?? !!! Software accuracy ranging from 90 to 97 %..Whole thread is based on kaka afl

Anyways try some other source..as my knowledge in programming is zero !!!

_SECTION_BEGIN("MarketProfile");
//------------------------------------------------------------------------------
//
// Formula Name: Market Profile
//
// Use with 5/15min chart
// Originial - From AFL library
// Edited by - Milind / KAKA

//Market Profile 10/12/2009


//------------------------------------------------------------------------------
// This is a modified version of afl date 09/19/2009 as listed above
// Contains a couple changes:
// 1) a more correct (but not complete) calculation of POC.

 

[XRAY27]

Bro, just trying to understand your statement clearly. Please confirm if I have understood clearly.

Today's first bar opened above VAH and closed above VAH
2nd bar broke low of first bar and entered VA
1st bar and 2nd bar together formed IB
3rd bar revisited IB area
4th bar bar moved opposite to 3rd bar direction?

Answer is !!!

Today's first bar opened above VAH and closed above VAH
2nd bar broke low of first bar and entered VA
1st bar and 2nd bar together formed IB
3rd bar revisited IB area
4th bar bar moved opposite to 3rd bar direction and move past 1st bar..

In simple words Failure of Gap up/down and failure of this failure !!!

 

[Vipul_84]

Lets keep this thread active, more we post more we will learn. Request to Manish, wisp, Happy , Vjay, pakatil & Xray :thumb:
Learning in live markets will be fun & great learning as well......

Hope every body is understanded my little knowledge on MP, as i'm increasing my capacity to trade from this new series tomorrow..i may not be active...but will update chart setups of positional if possible...

please make afl of RF for lower amibroker version.so that every body can make use of it...

 

[VJAY]

Why Equities MP showing ubnormal image?!!!!!is there need to change any settings?

 

[Vipul_84]

From 29 Sept 16, approx VA values for NF
8735-8650-8612 Today's open below VAL, first 30 min candle closing inside VA.
Huge IB of almost 60+ points , reversal today or in coming week? :rofl:

 

[Vipul_84]

From 30 October 16, Value area 8640-8623-8606
Today's open ouside VA
Today's IB: 8733-8656

 

[wisp]

Why Equities MP showing ubnormal image?!!!!!is there need to change any settings?

May be you can change the density to 1 and see

 

[VJAY]

May be you can change the density to 1 and see

Thanks wisp...yes if we decrease density its looks good....but we need to know which figure is good for equities....may be some one who use MP for equites will help here